The Bank Provides SBA Loan to Buy Daylight Donut Shop Franchise

Need a loan to invest in a Daylight Donut Shop franchise? The Bank has a history of making these loans and they are guaranteed by the SBA.

Daylight Donut Shop franchise loans are available to Atwood, Kansas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Bank, based in Atwood, Kansas, issued an SBA franchise loan for a Daylight Donut Shop franchise in 2001. We've got all the details on this Kansas small business loan.

SBA Loan Borrower

DAYLIGHT DONUT
ATWOOD, KS 67730

SBA Loan Lender

THE BANK
121 S 4TH ST
ATWOOD, KS 67730

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

8/24/2001

Loan Approval Gross Amount

$35,100

Loan Approval from the SBA

Of the total $35,100 loan amount, the SBA guaranteed $29,835.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Daylight Donut Shop franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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